First Bancorp (NASDAQ: FBNC) has experienced a decline in its stock price by -8.55 compared to its previous closing price of 34.50. However, the company has seen a gain of 0.93% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that Although the revenue and EPS for First Bancorp (FBNC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in First Bancorp (NASDAQ: FBNC) Right Now?
First Bancorp (NASDAQ: FBNC) has a higher price-to-earnings ratio of 11.38x compared to its average ratio, The 36-month beta value for FBNC is at 1.00. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FBNC is 39.63M, and currently, shorts hold a 2.81% of that float. The average trading volume for FBNC on April 26, 2024 was 137.29K shares.
FBNC’s Market Performance
FBNC’s stock has seen a 0.93% increase for the week, with a -9.23% drop in the past month and a -9.10% fall in the past quarter. The volatility ratio for the week is 4.34%, and the volatility levels for the past 30 days are at 3.19% for First Bancorp The simple moving average for the past 20 days is -5.77% for FBNC’s stock, with a -2.65% simple moving average for the past 200 days.
Analysts’ Opinion of FBNC
Many brokerage firms have already submitted their reports for FBNC stocks, with DA Davidson repeating the rating for FBNC by listing it as a “Buy.” The predicted price for FBNC in the upcoming period, according to DA Davidson is $34 based on the research report published on September 14, 2023 of the previous year 2023.
Piper Sandler gave a rating of “Overweight” to FBNC, setting the target price at $47 in the report published on August 18th of the previous year.
FBNC Trading at -7.40% from the 50-Day Moving Average
After a stumble in the market that brought FBNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.07% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares sank -12.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.01% lower at present.
During the last 5 trading sessions, FBNC rose by +0.93%, which changed the moving average for the period of 200-days by +2.84% in comparison to the 20-day moving average, which settled at $33.26. In addition, First Bancorp saw -14.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FBNC starting from McLamb Carlie C Jr, who purchase 306 shares at the price of $33.84 back on Mar 15 ’24. After this action, McLamb Carlie C Jr now owns 31,876 shares of First Bancorp, valued at $10,355 using the latest closing price.
Capel Mary Clara, the Director of First Bancorp, sale 500 shares at $33.82 during a trade that took place back on Feb 14 ’24, which means that Capel Mary Clara is holding 11,395 shares at $16,909 based on the most recent closing price.
Stock Fundamentals for FBNC
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.87 for the gross margin
The net margin for First Bancorp stands at 0.23. The total capital return value is set at 0.04. Equity return is now at value 8.49, with 0.93 for asset returns.
Based on First Bancorp (FBNC), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 1.28.
Currently, EBITDA for the company is 8.0 million with net debt to EBITDA at 4.01. When we switch over and look at the enterprise to sales, we see a ratio of 3.81. The receivables turnover for the company is 12.0for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, First Bancorp (FBNC) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
